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No truce appears on the horizon in the battle between government control and free markets, a conflict that has intensified in the aftermath of the 2008-2009 recession. Political strategist Ian Bremmer examines the differing models of “state capitalism” that have gained ground in emerging economies around the world. Using varying levels of political control, countries such as China, Russia and Saudi Arabia are adapting the capitalist scenario to their particular situations and needs, thereby presenting obstacles to a fair fight with Western businesses. While decrying the unfair advantage governments bring to successful emerging economies, Bremmer concedes that free markets alone can’t solve all society’s issues, and he advocates for “better government, not less government.” getAbstract recommends this thorough, cogent study to global business executives looking to understand and compete in state-capitalist countries.

In this summary, you will learn

How “state capitalism” has evolved,

What tools it uses to maintain control,

How certain countries practice state capitalism and

What free-market businesses can do to compete effectively against state-capitalist nations.

About the Author

Ian Bremmer is president of Eurasia Group, a political-risk consulting company.

Summary

Back to the Future Public ownership of private enterprise had a dramatic resurgence in the first decade of the 21st century. Despite the widespread belief that state-controlled economies were on their way out with the fall of communism in the late 1980s, the 2008 financial crisis has resulted...